Chicago City Soccer Club
- Assets
- $204.9k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/2014
- Data as of
- 06/2022
- EIN
- 46-2627195
Organization Overview
Chicago City Soccer Club is located in Chicago, IL. The organization was established in 2014. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago City Soccer Club is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Chicago City Soccer Club generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 14.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHICAGO CITY SOCCER CLUB IS COMMITTED TO PROVIDING OPPORTUNITIES FOR YOUNG PEOPLE IN THE CITY OF CHICAGO, ILLINOIS TO LEARN AND PLAY SOCCER IN A HEALTHY AND POSITIVE ENVIRONMENT, AND TO GUIDING CHICAGO YOUTH SOCCER PLAYERS IN THE IMPROVEMENT OF THEIR SOCCER SKILLS, TEAMWORK, AND PERSONAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CREATED A SCHOLARSHIP FUND TO ASSIST FAMILIES WITH PAYING THE SEASONAL PLAYER FEES.
THE ORGANIZATION STARTED A FREE MENTORSHIP PROGRAM FOR HIGH SCHOOL STUDENTS TO GAIN VALUABLE INSIGHT INTO COACHING AND REFEREE ROLES AND RESPONSIBILITIES. THE MENTORSHIP PROGAM INCLUDED INTERNSHIP OPPORTUNITIES.
THE ORGANIZATION WAS PART OF DEVELOPING A STREET SOCCER TOUR THROUGH FIFTEEN DIFFERENT NEIGHBORHOODS IN CHICAGO OFFERING FREE SOCCER AND HOSTING A TOURNAMENT TO COMPETE FOR THE CHICAGO CUP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Spingola President | OfficerTrustee | 2.5 | $9,167 |
Michael Spingola Treasurer | OfficerTrustee | 2.5 | $44,262 |
Marie Zenere Secretary | OfficerTrustee | 25 | $0 |
Nick Mulvaney Director | Trustee | 40 | $176,500 |
Patrick Bushell Legal Counsel | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $171,069 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,069 |
| Total Program Service Revenue | $2,002,990 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,174,059 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $229,928 |
| Compensation of current officers, directors, key employees. | $22,992 |
| Compensation to disqualified persons | $835,782 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $71,557 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,667 |
| Fees for services: Accounting | $19,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,039 |
| Office expenses | $7,841 |
| Information technology | $36,135 |
| Royalties | $0 |
| Occupancy | $82,263 |
| Travel | $24,787 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,853 |
| Insurance | $110,435 |
| All other expenses | $108,110 |
| Total functional expenses | $2,483,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,590 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,000 |
| Intangible assets | $0 |
| Other assets | $7,305 |
| Total assets | $204,895 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $163,812 |
| Total liabilities | $163,812 |
| Net assets without donor restrictions | $41,083 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $204,895 |